US-based venture capital firm NuVentures has launched a new $75-million fund, while Green Portfolio has launched a category-III alternative investment fund with a target of Rs 300 crore.
NuVentures floats $75m fund
NuVentures, which has backed Indian startups such as Third Wave Coffee, BigBasket, HomeLane, and Acko, has launched a new $75-million fund.
The fund plans to invest in around four to five startups annually, with investments ranging from $250,000 to $750,000. NuVentures has already secured commitments from fund of funds and high net worth individuals (HNIs) in the US, Yourstory reported.
The majority of NuVentures’s investments will be directed towards US-based startups, with some funding also coming from India. Founder Venk Krishnan stated in the report that the firm will support startups with a strong connection to India—either those based in India aiming at the US market or those headquartered in the US but outsourcing engineering work to India.
Green Portfolio launches $35m fund
Green Portfolio, a portfolio management service provider, has launched a category-III alternative investment fund (AIF) with a target of nearly $35 million (Rs 300 crore).
The fund has already secured over 50% of its commitments from existing and potential investors. It will allocate 70-80% of its capital to listed equities, with a focus on small, mid, and micro-cap stocks, while the remaining 20-30% will be deployed in pre-IPO opportunities, private markets, SME companies, secondary deals, preferential allotments, and private placements.
With a sector-agnostic strategy, the fund aims to balance value and growth-driven investments while leveraging India’s evolving financial landscape. The firm plans to scale its AIF assets to Rs 1,000 crore over the next few years.
